Nigeria’s national currency – Naira – depreciated in its exchange rate against the US dollar at the parallel market in the early hours on Monday to N752/$1, representing a 0.94% depreciation when compared to the N745/$1 it traded on Friday. Some black market FX traders attributed the depreciation of the local currency to large quantity […]
The President of the Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, has commended the Federal Government, particularly its monetary authorities, on sustained efforts to stabilise the exchange rate of the Naira and curb abuses in the foreign exchange (forex) market. The ABCON chief noted that the three years of the […]